Delhi HC asks SP leaders to approach govt on gas pricing

The Delhi High Court on Wednesday asked Samajwadi Party MPs Amar Singh and Ram Gopal Yadav to approach a government-appointed committee on the issue of gas pricing and development plan of gas field by Reliance Industries.

NEW DELHI: The Delhi High Court on Wednesday asked Samajwadi Party MPs Amar Singh and Ram Gopal Yadav to approach a government-appointed committee on the issue of gas pricing and development plan of gas field by Reliance Industries.

A Bench comprising Chief Justice M K Sharma and Justice Sanjeev Khanna disposed off their petition after the Centre informed it had appointed a one-member committee of P Gopalkrishanan to look into the matter.

The Court directed the petitioner to place all material before the committee within two weeks for the redressal of their grievances.

"We expect that Krishanan will expeditiously address the grievances of the petitioners," the Bench said.
The two MPs in their PIL had sought quashing of government approval for the revised cost estimates by Mukesh Ambani-led RIL for gas production from KG basin field.

The petition had also sought an inquiry either by CBI, CAG or the CVC into the alleged connivance of government officials who cleared the revised field development plan and capital cost estimates submitted by RIL for gas production.

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The petition had not named RIL as a party to the case.

According to the petition, the consortium had earlier submitted an initial development plan in May 2004 for a capital cost of $2.47 billion for producing 40 million standard cubic meters of gas per day. However, the consortium later increased the capital cost to $8.84 billion and revised production to 80 MMSCMD, it said.
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